Panel shaped to recommendation Centre on debt curiosity reduction

Tribune News Service

New Delhi, September 10

The Union Finance Ministry has arrange a three-member advisory committee headed by former CAG Rajiv Mehrishi on the reduction sought by petitioners within the Supreme Court for the waiver of curiosity, penal curiosity and different associated points.

“The government has constituted an expert committee for making an overall assessment so that its decisions in this regard are better informed,” said an official launch after issues have been raised in the course of the proceedings of an ongoing listening to on the matter within the Supreme Court.

Apart from Mehrishi, the committee consists of former IIM Professor Ravindra Dholakia and former SBI MD B Sriram.

The committee needs to be submit its report inside every week with the next phrases of reference: Measuring the influence on the nationwide economic system and monetary stability of waiving of curiosity and waiving of curiosity on curiosity on the COVID-19 associated moratorium; and recommendations to mitigate monetary constraints of varied sections of society on this respect and measures to be adopted on this regard.

The committee has been requested to seek the advice of banks or different stakeholders, if crucial.

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